Can you balance the budget ?

Discussion in 'Politics' started by dschere, Sep 12, 2012.

  1. dschere
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    dschere Rookie

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    This is a challenge for those who are serious about this issue and actually give a damn about their kids.

    Here is the current federal budget in billions:

    OtherSpending 199.6
    Transportation 102.6
    Defense 902.2
    HealthCare 846.1
    Pensions 819.7
    Protection 62
    Interest 224.8 -> Better pray there isn't a spike in interest rates!
    Welfare 451.9
    GeneralGovernment 33.6
    Education 153.1

    TaxReceipts = 2468.6
    Deficit/Surplus = -1327


    Politics aside what does the MATH say needs to be done? Remember these figures when
    the bubble heads on MSM start babbling about deficit reduction be cutting one billion dollars here or one billion there.

    The MATH says something more drastic is required.


    Here is my budgett:


    OtherSpending 199.6
    Transportation 200 -> doubled budget for infrastructure
    Defense 440 -> halved defense spending
    HealthCare 450 -> slash medicare/medicaid
    Pensions 450 -> move retirement age up to median life expectancy - 7 years.
    Protection 62
    Interest 224.8
    Welfare 250 --> cut by 200 billion
    GeneralGovernment 33.6
    Education 153.1 -> kept the same but I want it reorganized.

    Result: balanced budget.

    You can prance and cry but MATH is MATH. I pay too much in taxes and I don't trust
    that the government would just keep on spending beyond its means if they raised taxes.
     
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  2. Mr. H.
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    Mr. H. Diamond Member

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    This should have been put in the "Economy" thread, douchere.
     
  3. Famine
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    Famine Rookie

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    Honestly not to shabby
     
  4. Greenbeard
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    Greenbeard Gold Member

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    So the giving a damn about kids comes later then?
     
  5. RetiredGySgt
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    RetiredGySgt Platinum Member

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    I assume other spending includes foreign payments.

    Other spending 150. Let the gee wiz types figure out where to cut.
    Transportation 102.6
    Defense 1000
    Health Care 0 It is not the responsibility of Federal Government to fund health care
    Pensions 819.7
    Protection 62
    Interest 224.8
    Welfare 0 It is not the Federal Governments job or authority to fund welfare.
    General Government 33.6
    Education 0 Federal Government has no authority to fund education.

    That leaves 173.7 Surplus.

    Since I do not know the exact figures in your break down for Social Security I assume maintaining it would not work as I have listed. The Government owes tons of money to SS. I would use the surplus to begin paying it back. I would look at raising taxes to meet our requirement on Social Security.

    The zeroed parts are all Local or State functions. The States need to pay for those if they want them.
     
  6. antiquity
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    antiquity Gold Member

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    I noticed you cut defense spending in half. What would you cut out to achieve that goal?

    What part of Medicare and medicaid would you cut? Please don't say fraud.

    You pay to much in taxes? Are you in the 46% who don't pay taxes or the in the 50% who pay the lion share?
     
  7. uscitizen
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    uscitizen Senior Member

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    I can balance the budget if the following rule is applied. For every year that congress does not balance the budget 20% of congress will be randomly selected and executed.

    If i can get that rule I guarantee a balanced budget.

    congress just needs a bit of incentive.
     
    Last edited: Sep 12, 2012
  8. dschere
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    dschere Rookie

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    What would your budget look like?

    How would you deal with an annualized deficit of 1.3 trillion COMPOUNDED WITH INTEREST.

    Do you see the "Interest" portion? That is set by the bond market. We are carrying a 16T debt and its still 224 billion with near zero interest rates at the short end. You want to see what happens to the budget with a yield spike ... say back to the historic norm at 7%?

    Medicaid ... gone
    SS ... gone
    Defense ... gone

    The FED can't control interest rates forever. At some point the bond market will price in the credit quality of the US.
     
  9. dschere
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    dschere Rookie

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    If it would work I agree. But in its current state they will cut based on who has the least lobbying clout, not what is in the national interest.
     
  10. antiquity
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    antiquity Gold Member

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    Would you mind addressing my question?
     

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